Wholesale Revisions

By |2014-04-11T14:48:04-04:00April 11th, 2014|Economy, Federal Reserve/Monetary Policy, Markets|

The economic theme of the 2013 was inventory as it accumulated in the retail apex of the supply chain. Wholesalers have been far more cautious about expanding inventory, coming far short of even 2012 levels after the dramatic experience after the 2012 holiday season. Despite this conscious desire to not overextend, they may not have much choice given the situation [...]